LML4806 Assignment 2 Semester 2 2023

LML4806
Assignment 2
Semester 2
2023
QUESTIONS AND ANSWERS




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, LML4806 Assignment 2 Semester 2 2023

Question: 1

With reference to appropriate authority, discuss the appointment and
composition of the social and ethics committee. (5)

Appointment of the Social and Ethics Committee:

The appointment process of the Social and Ethics Committee usually depends on
the legal requirements set forth by the country's corporate governance laws. In
many countries, there are specific provisions mandating the establishment of a
Social and Ethics Committee for certain types of companies, such as public
companies, large corporations, or entities operating in specific industries.



Composition of the Social and Ethics Committee:

Again, the composition of the SEC is subject to legal requirements and may vary
from one jurisdiction to another. Generally, the committee is composed of a mix of
internal and external members to ensure a fair and unbiased approach. The typical
composition may include the following:



a. Board Members: The SEC may consist of members who are already part of the
company's board of directors. They bring their expertise and knowledge of the
company's operations and strategies to the committee.